Little Village home prices fall in January 2017

The median sale price of a home sold in January 2017 in Little Village, a Chicago neighborhood, fell by $3,250 while total sales increased by 20%, according to BlockShopper.com.

In January 2017, there were 24 homes sold, with a median sale price of $112,500 - a 2.8% decrease over the $115,750 median sale price for the same period of the previous year. There were 20 homes sold in Little Village in January 2016.

The median sales tax in Little Village for 2017 was $2,774. In 2016, the median sales tax was $2,698. This marks an increase of 2.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.5%.

The following table compares Little Village to other Chicago neighborhood with similar median sales prices in January 2017:

Neighborhood

Jan. 2017 Home Sales

Jan. 2016 Home Sales

% change (Total Home Sales)

Jan. 2017 Median Sales Price

Jan. 2016 Median Sales Price

% change (Median Sales Price)

Tri-Taylor

1

2

-50%

$143,000

$429,000

-66.7%

Wrightwood

10

7

42.9%

$122,000

$175,000

-30.3%

Forest Glen

1

5

-80%

$120,000

$115,000

4.3%

West Hometown

3

5

-40%

$120,000

$100,000

20%

Washington Heights

4

7

-42.9%

$113,000

$85,000

32.9%

Little Village

24

20

20%

$112,500

$115,750

-2.8%

Chatham

14

21

-33.3%

$106,250

$147,500

-28%

Hegewisch

3

6

-50%

$105,000

$79,500

32.1%

East Merrionette Park

2

2

0%

$102,250

$100,000

2.3%

East Side

22

17

29.4%

$101,500

$80,000

26.9%

South Shore

29

30

-3.3%

$100,000

$65,750

52.1%

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